Posts tagged “Vivek Wadhwa”
Analysis: Russia has many challenges. Foreign investors are discouraged by rules of law that fail to match countries such as the U.S. and Western Europe; bureaucracies are confusing and cumbersome; corruption is rampant and is even seeping into the education system; powerful oligarchs dominate key industries; and secrecy in R&D is the norm. Until these problems are fixed, tech entrepreneurship simply can’t flourish.
The harsh reality is that in the tech world, companies prefer to hire young, inexperienced engineers. And engineering is an “up or out” profession: you either move up the ladder or face unemployment. This is not something that tech executives publicly admit, because they fear being sued for age discrimination, but everyone knows that this is the way things are.
In software, patents are just nuclear weapons in an arms race. They don’t foster innovation, they inhibit it. That’s because things change rapidly in this industry. Speed and technological obsolescence are the only protections that matter. Fledgling startups have to worry more about some big player or patent troll pulling out a big gun and bankrupting them with a frivolous lawsuit than they do about someone stealing their ideas.
“I really believed that this cool new device would solve the world’s technology problems and reduce the number of electronic gadgets I had to carry around,” writes entrepreneur and university professor Vivek Wadhwa. He now says he was wrong.
Analysis from Vivek Wadhwa: If the young girls I met in India can rise above poverty, alcoholism, gender bias, domestic violence, marriage pressures, religious oppression, and a wide range of complex social and economic obstacles through pure hard work and determination, so can underprivileged communities in the U.S.
Opinion: Though many people say sexism is rare in the tech world these days, the barriers encountered by some women entrepreneurs aren’t unusual. If you're going to fix a problem, you need to start by admitting that it exists and then fix its root causes. Don't pretend that everything is okay just because you can highlight a few random successes.
Vivek Wadhwa, a Triangle entrepreneur turned academic at Duke and other universities, tells TechDrawl Web site that taking risk is essential to a region’s success.
Analysis: The reality is that the vast majority of startups don’t receive any VC or angel funding. My advice is always the same: ditch the business plan, and buy a lottery ticket. Your odds are better, and you’ll suffer less stress.
Analysis: It is easy to look at all the things that are wrong with your job. But instead of being despondent at work and focusing on the two or three things that you think are wrong with your job, try thinking about the twenty or so things that are good about it. Try making a list of all that’s good about your job, including the fact that you have one.
Analysis: Workforce education increases productivity, decreases turnover, and leads to greater corporate growth. A study of industry in India provides the bottom-line proof.
Analysis: Business ethics are not something you need to start worrying about when your company reaches a certain size; they need to be sewn into the fabric of your startup from the get-go. The lessons are the same for tech businesses as they are for investment banks and for third-world economies.